Stock futures up, Obama to name Yellen as Fed chair

TOKYO Tue Oct 8, 2013 7:25pm EDT

1 of 2. Traders work on the floor of the New York Stock Exchange, October 7, 2013.

Credit: Reuters/Brendan McDermid

TOKYO (Reuters) - U.S. S&P 500 E-mini futures rose 0.3 percent in early Asian trade on Wednesday after a White House official said U.S. President Barack Obama will nominate Federal Reserve Vice Chairwoman Janet Yellen to be the next head of the U.S. central Bank.

The gains in the S&P E-mini futures suggested a firmer open for U.S. stocks on Wednesday after the Standard & Poor's 500 index .SPX shed 1.2 percent on Tuesday as little progress was made to end political wrangling in Washington that could lead to a U.S. debt default.

(Reporting by Dominic Lau; Editing by Richard Pullin)

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Comments (7)
presti8 wrote:
Leave it to these politicians to pot their own agenda in front of the American people. This administration has done more to hurt this country than any foreign enemy. They ALL are a bunch of greedy SOB’s

Oct 08, 2013 8:40am EDT  --  Report as abuse
deeplyCynical wrote:
I just got an image flashing through my head: a little boy, with hands in pockets, kicking a can down a dusty deserted road.

Oct 08, 2013 9:11am EDT  --  Report as abuse
irisbrock wrote:
What about impeaching the Congress? These guys are ridiculous and unnecessary expenses.

Oct 08, 2013 9:40am EDT  --  Report as abuse
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